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FNC's statement reads as follows: 

"Hello, this is FNC Entertainment. 

We're here to inform you fans of some unfortunate news. 

We would like to announce the fact that our contract with AOA's drummer Youkyung has come to an end. 

We were able to arrive on this conclusion after a long and thorough discussion, and we ultimately decided to respect Youkyung's wishes. 

Despite the fact that Youkyung's contract has ended with our label, she plans to join AOA for the group's band projects as an honorary member by fulfilling her role as the drummer. 

We'd like to thank all you fans who've encouraged Youkyung, and we ask that you give your love and support to Youkyung, who will be setting off on a new start ahead as well as to the members of AOA. 

Thank you."

It sounds like we'll still be able to see Youkyung on the drums in the band version of AOA! Best of luck, girl!